Some of the world’s leading uranium miners last week described major changes they have made in response to the protracted downturn in uranium prices. At the same time, they are positioning themselves for an expected pickup in demand.
Speaking at the opening session of the World Nuclear Fuel Cycle (WNFC) conference in Toronto, Canada, Cameco president and CEO Tim Gitzel noted that demand had started to fall soon after the March 2011 Fukushima accident in Japan. WNFC is an annual event organised by the World Nuclear Association and the Nuclear Energy Institute.
